He stated that Russian Prime Minister, Dmitry Medvedev, told him that the country was fully committed to complying with output cuts.

"We have no issues with people taking positions in the market", he said, adding that "we are focusing on fundamentals".

While US government data on Thursday showed crude inventories declined last week, rising exports and production, and a jump in the oil rig count, suggest the glut will linger.

"But my projection is that within the six to nine months' window, all things being equal, militancy remaining calm and the investment that is required is urgently done to fix the existing pipelines, we should get to the sort of figure that we had before", the minister said.

Global benchmark Brent crude futures LCOc1 were down 39 cents, or 0.77 percent, at $50.25 a barrel at 0039 GMT.

Spelling Bee Champ Asked to Spell Covfefe Superfan TVShourav Dasari , a past victor of both minor-league bees, was described as the consensus favorite as the ESPN broadcast began. It had added a tiebreaker test, but it did not come into play. "It motivates me", she said.

West Texas Intermediate (WTI) for July delivery on Friday fell US$0.70 to settle at US$47.66 per barrel on the New York Mercantile Exchange.

Blame a combination of the weakish jobs report (138,000 new jobs created, around 45,000 less than expected and 85,000 jobs sliced off the estimates for March and April), rising USA production and President Trump's withdrawal from the Paris Climate Accord on top of fears of a persistent oversupply of oil.

Mr. Trump said in his speech that the landmark 2015 agreement imposed extremely unfair environmental principles which may weaken the United States economy, harm U.S. jobs, pressure American national supremacy and put the country at an unending inconvenience to the other countries of the world. "Demand growth has slowed somewhat recently, and with USA production growing strongly, there doesn't seem to be much room for OPEC production to grow in 2018".

Including Nigeria and Libya, OPEC oil output remained about 450,000 barrels a day higher than the target specified in the November 30 production deal, placing the group's progress to only around 66 percent toward its goal compared to last month's 90 percent.

The price of oil has fallen sharply as investors bet that President Donald Trump's decision to pull the United States out of the Paris climate agreement will increase the country's oil and gas production. Nigeria and Libya are exempted from curbing output as they seek to restore supplies hurt by internal conflicts.

Although a sharp fall of USA crude inventories could be seen as a supportive factor to oil prices, US crude production rose to 9.35 million bpd last week, up almost 500,000 bpd from a year ago.

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Officials said that militants, hiding in bushes and behind trees, fired at the convoy and fled the spot. Six soldiers were injured in the attack and one of them later succumbed to his injuries at a hospital.

The state department said the embassy's economics councillor Jonathan Fritz would be filling in behind Mr Rank immediately. He joined the State Department in 1990 and speaks Mandarin, French, Dari and Greek, according to his official biography.

This is not the first time McCain has been vocal about the Trump administration's relationship with Russian Federation . The FBI and several congressional committees are now investigating contacts between Trump aides and Russian officials.

Lalchand Rajput , who has held several positions with India A previously, and Dodda Ganesh are the Indian applicants. So if Kumble denies to be the coach further, the only option left with the board is to find a replacement for him.

No reason to be alarmed. "It's even more important that we work together with our allies and our friends and our partners". May's government, however, on Tuesday dismissed Khan's call for the visit to be canceled.

Phil Mickelson is putting family first as he opts to skip the only major he's never won for daughter's graduation. Phil Mickelson announced Saturday he'll pass up a chance to complete the career Grand Slam at the 2017 U.S.

The defense has pointed out that phone records show Constand called Cosby 53 times after she says he assaulted her. In an early morning two-sentence tweet, Trump said he meant to nominate Wray, a high-ranking official in George W.

Chief among the new features are a trove of new watch faces, with the most intriguing one being the intelligent Siri one. Apple improved the fitness capabilities of the watchOS. watchOS 4 will hit all eligible wearables later this fall.

After dropping the first two games at Golden State, Cleveland beat the Warriors at home, helping set up the Cavs' epic comeback. Mike Brown has been serving as the Warriors' acting coach since Game 3 of the first round against the Portland Trail Blazers .

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